2023 PEN to CRC Historical Review

YEARLY HIGH

155.9653 CRC

YEARLY LOW

136.8519 CRC

YEARLY AVERAGE

144.8514 CRC

2023 PEN to CRC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 155.9653. Conversely, the yearly low was recorded on October 23, dropping to 136.8519.

This high-to-low spread represents a total annual volatility of 19.1134 CRC. From a start-to-finish perspective, comparing the January average rate of 150.3648 to the December average rate of 140.5677, the exchange rate registered a net change of -6.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 155.9653 was down 15.92% compared to the 2022 peak of 185.4935, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 PEN based on timing:

Yearly Peak High 779,826 CRC

2022 Average 842,215 CRC

Yearly Trough Low 684,260 CRC

Transaction Impact: A difference of 95,566.80 CRC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

151.5451

137.3812

JanuMarcMayJulySeptNove

PEN to CRC Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 146.4413, compared to 143.2615 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.1799 points.

H1 Avg (Jan–Jun) 146.4413

H2 Avg (Jul–Dec) 143.2615

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 12.3693 CRC (High: 155.9653 / Low: 143.5960). On the other end, May was the most stable month, with a tight range of 2.5994 CRC (High: 146.9871 / Low: 144.3878).

January Spread (Volatile) ±12.3693

May Spread (Stable) ±2.5994

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 5.2653 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -5.2653

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 150.3648) against the same month in 2022 (average: 164.1038), the exchange rate shifted by -13.7391 (-8.37%).

2023 Avg (January) 150.3648

2022 Avg (January) 164.1038

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	155.9653	143.5960	150.3648
February	151.1024	143.4036	147.2641
March	147.9843	142.5911	144.4501
April	144.6131	141.3931	142.5610
May	146.9871	144.3878	145.9025
June	149.7907	145.9712	148.1057
July	152.3186	148.7509	150.1152
August	151.1286	143.0965	145.8034
September	145.9885	141.0700	143.8268
October	141.2327	136.8519	138.5615
November	142.1675	137.4149	140.6943
December	141.6735	138.9357	140.5677